Examlex
Abstract economic theory can be used by academicians but not by politicians or business people.
Aggregate Demand
The total demand for all goods and services within a particular market or economy at a given overall price level and time.
Classical School
A branch of economic thought that emphasizes the importance of market forces in determining economic outcomes and the self-regulating nature of the economy.
Great Depression
A severe and prolonged global economic downturn that occurred in the 1930s, marked by massive unemployment and deflation.
Laissez-Faire
The philosophy that the private economy should function without any government interference.
Q2: Parameter Mystery<br>At the bottom of the page,
Q17: If two persons trade, one must gain
Q19: What characterizes works by the Kano school
Q31: Enlightenment thinking is marked by the conviction
Q32: What topic became controversial when Chris Ofili's
Q59: In the short run, efforts to reduce
Q142: The central question in economics is how
Q164: Slope is measured as rise/run.
Q174: If an economy is producing inefficiently, it
Q183: The principle of comparative advantage explains specialization